Bitcoin To Surge by Over 5,900%, ARK Invest’s Cathie Wood Says

The optimistic predictions about the price of Bitcoin continue. Check out the latest bullish one coming from ARK Invest’s Cathie Wood.

The founder and CEO of investment firm ARK Invest has just said that Bitcoin (BTC) will hit a seven-figure price by 2030.

She was responding to a question during an interview with Bloomberg about whether she is still holding on to her forecast that Bitcoin will reach $1 million in eight years. It’s worth noting the fact that ARK Invest CEO Cathie Wood says that she is.

She also said that Bitcoin will come out of the market downturn “smelling like a rose.”

She continued and explained that institutional investors would be more comfortable putting money in the king coin and Ethereum (ETH) once they better understand them.

“We think Bitcoin is coming out of this smelling like a rose because of what I have mentioned previously. And I do think, though, the one thing that will be delayed is perhaps institutions stepping back and just saying ‘okay, do we really understand this?’ ”

She continued and said the following:

“And once they actually do the homework and see what’s happened here, I think they might be more comfortable moving into Bitcoin. And perhaps Ether as a first stop.”

Bitcoin is trading at $16,443 at the time of writing. The king coin would have to appreciate by approximately 5,940% to reach Wood’s prediction.

It’s been just revealed that the popular quantitative analyst PlanB, known for his stock-to-flow Bitcoin (BTC) model, is expressing bullish sentiment for the king coin.

In a new interview with crypto trader Benjamin Cowen, PlanB said that while the current sentiment towards crypto is bearish due to the disintegration of digital assets exchange FTX, the king crypto could hit $100,000 after the next halving.